United Capital Plc reports 64% surge in Q1 PAT

United Capital Plc, a pan-African financial services firm, has announced a Profit After Tax (PAT) of N5.89 billion for the first quarter ending 31 March 2025, reflecting a significant rise from the N3.59 billion it posted during the same period in 2024.

The company disclosed the development in a statement filed on the Nigerian Exchange Group (NGX) platform on Tuesday. The figures indicate a 64 per cent increase in PAT year-on-year.

Gross earnings for the first quarter reached N13.1 billion, marking a dramatic 113 per cent jump from the N6.1 billion recorded in the corresponding period of 2024.

The group also reported a Profit Before Tax (PBT) of N6.73 billion for the quarter, up 65 per cent from N4.1 billion posted in the first quarter of the previous year.

As of 31 March 2025, United Capital Plc stated that its total assets stood at N1.72 trillion, representing a modest one per cent increase from the N1.7 trillion recorded as of December 2024.

Additionally, shareholders’ funds rose to N161.2 billion, up from N133.5 billion in December. The company noted that this represented a 21 per cent increase over the three-month period.

United Capital Plc operates across a broad spectrum of financial services including Investment Banking, Asset Management, Trusteeship, Securities Trading, Wealth Management, Consumer Finance, and Microfinance Banking.